infrastructure. in 2005, hurricane katrina destroyed parts of new orleans. now they have a $14.6 billion flood protection system. in 2007, this bridge in minneapolis collapsed. that bridge was rebuilt but many of our nation's bridges are still in a sorry state. it takes extraordinary events for us to upgrade our infrastructure. i spoke to infrastructure enthusiast and colleague fareed zakaria here on cnn. when we talk about infrastructure projects, there are many people in this country who feel it is stimulus, government spending, ineffective, it's decorated with sorts of favors for everybody and pork. how do you convince people that there's a way to spend that $2.2 trillion that the american society of civil engineers says we need to spend and get a payback? >> actually a very smart idea about how to do it. it was co-sponsored by john kerry and kay bailey hutchison is create a infrastructure bank. have the federal government seed it with capital but have private sector money. have the projectsawarded by a board, a group of technical experts that evaluate the projects on their merit rather tha

.s. has been slow to invest in its infrastructure. in 2005, hurricane katrina destroyed parts of new orleans. now they have a $13.6 billion flood protection system. in 2007, this bridge in minneapolis collapsed. that bridge was rebuilt, but many of our nation's bridges are still in a sorry state and it takes extraordinary events for us to upgrade our infrastructure. well, i spoke to infrastructure enthusiasts and my cohost, fareed zakaria. when we talk about infrastructure projects, there are many people who feel it's stealing, it's government spending, it's ineffective. how do you convince people there is a way to spend that $2.2 trillion that the engineering society says we need to spend and get a payback. >> there is also a very smart way to do it, which is create a national infrastructure bank. have the federal government feed it with capital but then get a lot of private sector money. have the projects -- and this is the key -- have the projects awarded by a group of technical experts who would evaluate the projects on their merit rather than congressionally. now guess who doesn

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